Keeling Curve

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Project Summary / Description:

Nithio‚ Credit Risk Analytics platform is the only risk scoring and portfolio monitoring solution that is purpose-built for the distributed renewable energy (DRE) sector. Nithio provides receivables warehousing facilities to DRE companies, which can scale with their growth and expansion, and offers a Portfolio Monitoring Dashboard to asset managers and investors, which can help improve cash flow forecasting, standardize portfolio health metrics, and streamline investing into the DRE sector. Nithio helps DRE companies and their investors achieve the goal of mobilizing scalable consumer financing for clean energy access in Africa.

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Nithio will have a major impact on African households and businesses. As an Africa-focused company, Nithio intends to significantly contribute to help closing the energy access gap and help households as well as microenterprises get access to clean energy sources. Solar home systems especially are critical for rural communities that do not have access to the grid. Moreover, Nithio firmly believes in supporting African-owned and - managed DRE companies; we have committed +30% of funds under management towards African-owned companies. Since most funds within the sector flow to larger, international DRE companies, Nithio will play a key role in setting up locally-owned companies for success. 

Nithio will also have a significant impact on women and girls. Nithio has been selected as a 2x Challenge Investment, which aims to advance opportunities for women. Nithio, a female-founded business, has committed to continuing to bring in more women-managed borrowers and working with companies that prioritize hiring of women. Women receive greater benefit from access to clean energy by reducing their exposure to kerosene fumes and fires (and associated negative health effects), enables income generating opportunities, and helps girls attain higher academic achievement. 

Finally. Nithio will help increase the resilience of climate-vulnerable communities in rural areas. Access to solar-powered productive use equipment increases household resilience and creates more economic opportunities through the introduction of solar-powered technologies such as cold storage and water pumps. Not only does this help smallholder farmers and microenterprises, but it also allows women and girls to save a significant proportion of their time allocated to seeking water and working the fields.

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